Illustrative photo of hackers in Tel Aviv taking part in a hackathon to develop cyber-security apps (Courtesy)

Israel has the second highest concentration of cyber-defense companies in the world after the United States, a new report shows.

The report by New York data firm CB Insights lists the nine most influential sectors of cyber-security innovation in 2017 and the 30 startups that have pioneering technology and the potential to shape the future of cyber-security.

The three biggest investors in cyber-defense firms in 2012-2016 were Bessemer Venture Partners, Google Ventures and Accel Partners, the report said.

Cyber security startups have raised $12.5 billion in 2012-2016 across 1,222 VC-backed deals globally, according to the report said. The amounts VC funds have invested in the sector has jumped from $1.32 billion in 2012 to $3.67 billion in 2015 and dropped to $3.1 billion in 2016, the data shows, with the largest share of the deals going to fund startups at early stages of development, at seed or Series A funding round.

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